Terms to Know: Consequential Damages
Many contracts have a provision like this: NEITHER PARTY WILL BE LIABLE TO THE OTHER IN ANY EVENT FOR ANY SPECIAL, INCIDENTAL, INDIRECT...
Terms to Know: Damages
In contract law, if the other party breaches the contract (i.e., doesn’t do what he or she is obligated to do), you will have some costs,...
Terms to Know: Limitation of Liability
The limitation of liability is where a seller limits the kinds of remedies a buyer can get if the warranties or other parts of the...